USD/CHF technical analysis: Positive above 200-bar SMA, 0.9890/87 confluence

  • USD/CHF pulls back from 0.9990, 23.6% Fibonacci retracement on the sellers’ radar.
  • 200-bar SMA, followed by rising multi-week-old rising trendline and 38.2% Fibonacci retracement, limit further declines.

Despite witnessing a downside pressure off-late, the USD/CHF pair remains well above the key supports while taking rounds to 0.9960 amid pre-European open session on Monday.

While 23.6% Fibonacci retracement of August–October upside, at 0.9940, seems to please short-term sellers, 200-bar Simple Moving Average (SMA) around 0.9920, will challenge bears afterward.

If at all prices decline below 0.9920, 0.9890/87 area including an upward sloping trend-line since September 04 and 38.2% Fibonacci retracement will limit further downside, if not then 0.9840 and 0.9800, comprising 61.8% Fibonacci retracement, could gain market attention.

On the contrary, pair’s run-up beyond 0.9990 can again aim for 1.0030 while May-end tops nearing 1.0100 could lure bulls then after.

USD/CHF 4-hour chart

Trend: pullback expected

additional important levels

Today last price 0.996
Today Daily Change -7 pips
Today Daily Change % -0.07%
Today daily open 0.9967
Daily SMA20 0.9939
Daily SMA50 0.9867
Daily SMA100 0.9881
Daily SMA200 0.9953
Previous Daily High 0.9991
Previous Daily Low 0.9956
Previous Weekly High 0.9991
Previous Weekly Low 0.9904
Previous Monthly High 0.9988
Previous Monthly Low 0.9797
Daily Fibonacci 38.2% 0.997
Daily Fibonacci 61.8% 0.9978
Daily Pivot Point S1 0.9952
Daily Pivot Point S2 0.9937
Daily Pivot Point S3 0.9917
Daily Pivot Point R1 0.9987
Daily Pivot Point R2 1.0006
Daily Pivot Point R3 1.0021



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